Rudy Giuliani on the 'Fiscal Cliff'

Former New York City Mayor Rudy Giuliani weighs in on the 'fiscal cliff' and Washington. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... oh ... yes ... we are much ... much more optimistic about avoiding fiscal cliff me in a settlement in ... the in the industry appears to be so great I bought a set ... of ... but I actually ... feel ... a deep and ... I feel a deal I'd I see I see a place where ... they can be I don't honestly agree with the deal but I think I can on I'm ... totally opposed to raising taxes ... in any way at all ... and not a great sold tax revenues are even open the fridge for good reason not to cut some of our Buy be willing to pay him ... just to come given the wrong people ... Iran to give them were tortured ... and if I wanted you to the government the demo we see a blessing in the world I want to do is give the cycle of debt ... yet the film is a totally wasteful ... organization had not totally to twenty percent wasteful thirty percent which will ... be giving them more money is what I work from already get use to call unique starve the beast ... the only Guinea get him to start getting sufficient about operating government agencies ... cutting down intend to teach when I did as mayor of New York ... I've ... I've practiced fiscal austerity before they called it that I don't work for me ... instead of raising taxes I had a two point three billion dollar deficit to ten percent unemployment ... they want me to raise taxes ... to the report are in the garbage is a must do it and lower taxes ... reduce spending ... one from a two point three billion dollar deficit to three billion dollars surplus much from ten to seven point five ... I mean who can work for me ... but some already in ... work for John Kennedy ... I'll going the wrong direction but I think the deal will be ... one of the deal this is what I would like good deals can be revenue attachments ... probably not reach ... probably deductions limited ... exemptions Limited ... and then they'll be ... entitlement productions ... maybe ... sixty seven retirement age ... for of for for Medicare ... um maybe means testing to make Medicare one of the other to be something like that ... they can they can meet them for the fun of or a satellite TV guide that ... I very much an awful lot mulesing that Rudy Giuliani thank you